Can I retire at age 80 with 1,780,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$146,991$145,681$144,404$143,157$141,940$140,108
2 years$72,768$71,412$70,099$68,826$67,590$65,748
3 years$48,030$46,669$45,359$44,097$42,882$41,085
4 years$35,663$34,307$33,010$31,770$30,584$28,847
5 years$28,246$26,897$25,617$24,402$23,249$21,578
6 years$23,302$21,963$20,702$19,515$18,396$16,792
7 years$19,772$18,445$17,204$16,044$14,961$13,424
8 years$17,126$15,810$14,590$13,459$12,412$10,943
9 years$15,069$13,766$12,566$11,464$10,453$9,050
10 years$13,424$12,134$10,956$9,882$8,906$7,570
11 years$12,079$10,802$9,645$8,600$7,660$6,388
12 years$10,960$9,695$8,560$7,544$6,638$5,429
13 years$10,013$8,762$7,648$6,660$5,788$4,641
14 years$9,202$7,964$6,871$5,912$5,074$3,987
15 years$8,500$7,275$6,204$5,272$4,467$3,439
16 years$7,886$6,675$5,625$4,721$3,948$2,976
17 years$7,345$6,148$5,118$4,242$3,501$2,583
18 years$6,865$5,681$4,672$3,823$3,113$2,247
19 years$6,436$5,265$4,277$3,454$2,774$1,959
20 years$6,050$4,892$3,926$3,128$2,478$1,711
21 years$5,701$4,557$3,611$2,839$2,218$1,496
22 years$5,384$4,254$3,328$2,581$1,988$1,311
23 years$5,096$3,978$3,073$2,351$1,784$1,149
24 years$4,832$3,728$2,842$2,144$1,604$1,009
25 years$4,589$3,498$2,632$1,958$1,443$886
26 years$4,366$3,288$2,441$1,790$1,300$779
27 years$4,159$3,094$2,267$1,639$1,172$686
28 years$3,967$2,916$2,107$1,502$1,058$604
29 years$3,789$2,750$1,961$1,377$955$532
30 years$3,623$2,598$1,827$1,264$863$469
31 years$3,468$2,456$1,703$1,161$780$413
32 years$3,324$2,323$1,589$1,067$706$364
33 years$3,188$2,200$1,483$981$639$321
34 years$3,060$2,085$1,386$902$578$284
35 years$2,940$1,978$1,296$831$524$250
36 years$2,827$1,877$1,212$765$475$221
37 years$2,720$1,783$1,135$705$430$195
38 years$2,619$1,695$1,063$650$390$172
39 years$2,524$1,611$995$599$354$152
40 years$2,434$1,533$933$553$321$134
41 years$2,348$1,459$875$510$291$119
42 years$2,266$1,390$821$471$264$105
43 years$2,189$1,324$770$434$240$93
44 years$2,115$1,262$723$401$217$82
45 years$2,045$1,204$679$370$197$72
46 years$1,978$1,148$638$342$179$64
47 years$1,914$1,096$599$316$163$57
48 years$1,852$1,046$563$292$148$50
49 years$1,794$999$529$270$134$44
50 years$1,738$954$497$250$122$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,780,000, adding $6,011 every year, while hoping to spend $28,777 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 85/6/9 Blend
79$1,780,000$1,780,000$1,780,000$1,780,000
80$1,967,760$1,873,420$1,845,830$2,132,230
81$2,137,853$1,934,599$1,877,047$2,301,721
82$2,324,331$1,997,812$1,908,345$2,483,375
83$2,528,835$2,063,127$1,939,697$2,682,053
84$2,753,173$2,130,616$1,971,073$2,899,451
85$2,999,334$2,200,354$2,002,441$3,137,435
86$3,269,511$2,272,416$2,033,768$3,398,061
87$3,566,121$2,346,884$2,065,019$3,683,593
88$3,891,822$2,423,839$2,096,155$3,996,525
89$4,249,548$2,503,366$2,127,135$4,339,604
90$4,642,524$2,585,554$2,157,917$4,715,857
91$5,074,310$2,670,495$2,188,455$5,128,615
92$5,548,823$2,758,282$2,218,702$5,581,551
93$6,070,379$2,849,014$2,248,604$6,078,711
94$6,643,734$2,942,792$2,278,110$6,624,549
95$7,274,129$3,039,723$2,307,160$7,223,977
96$7,967,335$3,139,914$2,335,694$7,882,401
97$8,729,712$3,243,478$2,363,649$8,605,780
98$9,568,267$3,350,534$2,390,956$9,400,679
99$10,490,721$3,461,200$2,417,543$10,274,332
100$11,505,579$3,575,604$2,443,336$11,234,705